Consider the Utility Function U = 5x +3y²,which Has MU_x

question 48

Multiple Choice

Consider the utility function U = 5x +3y²,which has MU_x = 5 and MU_y = 6y.The indifference curves for this utility function

• A) will be straight lines.
• B) will have the same as increases holding constant.
• C) will have the same as increases holding constant.
• D) will have a diminishing marginal rate of substitution as the consumer substitutes for .

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The reduction in economic productivity that happens when a market for a product or service fails to reach or cannot reach equilibrium.

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